Finance · South Africa
Hyprop Sells Half of Woodlands Boulevard for R791 Million
Moneyweb · 2026/02/09
Summary
Hyprop, a South African real estate investment trust (REIT), has sold 50% of its interest in the Woodlands Boulevard shopping centre for R791 million. This sale is part of the company's strategy to recycle capital, meaning they are raising funds by selling part of their investment to reinvest elsewhere. Despite selling half of its stake, Hyprop will still keep exposure to the future growth of the Woodlands Boulevard centre located in Pretoria. This move helps Hyprop manage its portfolio more efficiently and supports its long-term growth plans while maintaining involvement in a key retail asset.
OnABudget takeaway: This sale shows how property investors like Hyprop manage their investments to stay strong and grow over time, which can impact rental prices and retail spaces for consumers and small businesses.